• Successful dewatering test work for Tiris Uranium Project
• Tiris project advancing toward strategic financing plan
• HäggÃ¥n polymetallic project designated as national interest in Sweden

Aura Energy Limited (ASX: AEE, AIM: AURA) reported its activities for the March 2026 quarter, highlighting progress on the Tiris Uranium Project in Mauritania and the Häggån Polymetallic Project in Sweden. For the Tiris Uranium Project, Aura's technical team confirmed two successful methodologies for dewatering of production. The company continued to engage with potential strategic investors and financiers, working toward a Strategic Financing Plan. The Bankable Feasibility Study is expected to be completed in Q3 2026.Aura also provided an update on the Häggån Polymetallic Project in Sweden. On 24 April 2026, the Geological Survey of Sweden formally proposed designating Häggån as a resource of national interest for valuable materials, including uranium and vanadium. This designation is subject to a consultation period. Aura had previously deferred the Hâggån transaction pending the outcome of a government inquiry into the regulation of alum shale extraction.Financially, Aura held A$19.2 million in cash as of 31 March 2026, with net cash outflows of A$2.3 million from operating activities and A$1.5 million from investing activities during the quarter. Financing activities generated net cash inflows of A$18.9 million, primarily from a A$20 million equity placement completed in February 2026.

Aura's near-term goal remains to deliver the Tiris Uranium Project into production safely and responsibly, while over the longer term the company will participate in the rebirth of Sweden's nuclear industry and unlock the value of the Häggån asset.